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ICICI Direct Report
Mayur Uniquoters Ltd. is a leading player in the technical textile domain, manufacturing synthetic leather for automotive, footwear and apparels, etc.
The company has, over the years, exhibited healthy capital efficiency with five year return on capital employed at ~21% amid healthy Ebitda margin profile at ~20% plus.
It has debt free cash rich balance sheet with surplus cash of ~Rs 200 crore (FY21).
The company reported healthy FY21 results. Net sales decline was limited to 3% YoY to Rs 513 crore.
Ebitda in FY21 was at Rs 125 crore, up 20% YoY with margins at 24.4%. Consequent profit after tax was at Rs 90 crore (up 12.5% YoY).
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